Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American

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• Business|Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American https://www.nytimes.com/2024/04/25/business/bhp-anglo-american-takeover-copper.html Advertisement SKIP ADVERTISEMENT The deal would create one of the largest copper miners at a time when demand is soaring for the metal used in many green technologies.
• Credit...Waldo Swiegers/Bloomberg April 25, 2024Updated 2:05 p.m. ET BHP Group, the world’s largest mining company, has proposed a takeover of its rival Anglo American, in a deal that has the potential to shake up the industry at a time when demand for copper is soaring.
• But its structures are complicated, a fact reflected in the complexity of BHP’s bid, which would require that Anglo first split off its platinum and iron ore units in South Africa.
• They recommended that Anglo spin off its diamond business, which has suffered from a drop in demand for luxury items in China and the United States.

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